A SUBSIDIARY of yard group Sembcorp Marine (SembMarine) has signed a letter of intent (LOI) with Houston-based SeaOne Caribbean LLC that may mark the design and construction of the first pair of compressed gas liquid (CGL) carriers in Singapore.

SembMarine said the LOI penned by its specialised shipbuilding unit will cover at least two large CGL carriers earmarked for SeaOne's ...more

BY its nature, operating merchant ships involves taking risks. The cynic might say shipowners risk their money while their crews risk their lives. The two sorts of risks are of course intertwined. And the analytical skills of an accountant are useful in assessing risk.

So we should pay attention to the third annual Shipping Risk Survey from international accountant and shipping adviser Moore ...more

THE Maritime and Port Authority of Singapore (MPA) is teaming up with its Japanese counterpart to start a feasibility study on liquefied natural gas (LNG) bunkering for car carriers plying between Japan and Singapore.

The feasibility study, announced at the inaugural Singapore and Japan Port Seminar 2017 held in Singapore on Monday, will focus on technical details such as ...more

IN THE face of sluggish economic growth coupled with the cyclical and volatile nature of the shipping industry, BLPL represents one of the few firms that stay atop the waves of change.

As a container liner services company, BLPL facilitates the movements of cargo between the Indian subcontinent, South-east Asia, Far East, Middle East and East Africa, covering 110 ports in 27 countries.

Work is well under way to secure Singapore's future as a key port of call - most prominently in the form of the new Tuas mega port.

But these efforts may be met with some serious competition as neighbouring countries such as Malaysia and Indonesia take on or plan for a range of large-scale infrastructure projects that will vie for transhipment business in the region.

PACIFIC International Lines Pte Ltd (PIL), PSA International Pte Ltd and IBM Singapore Pte Ltd on Tuesday signed a memorandum of understanding (MOU) during the Singapore Regional Business Forum to explore and trial blockchain-based supply chain business network innovations.

The three parties will work together to explore technologies such as blockchain to achieve better ...more

A BROKER report reviving the merger talk between Singapore's two large yard groups has triggered spikes in trading volumes mainly for Keppel Corporation and the listed marine arm of Sembcorp Industries.

DBS Vickers suggested in a research note on Thursday last week that the possibility of a merger and acquisition between the marine arms of Keppel Corp and Sembcorp Industries has resurfaced, ...more

25 July 17
The Business Times by NG XIN YU,NEO SIEW KHOON,TAN XUE TING SUPANSA

THE dip in global trade since 2008 and the decline in demand for freight spelled trouble for the shipping and marine industry. Several firms have succumbed to the economic uncertainties including South Korea's Hanjin Shipping and more recently, Germany's Rickmers Group.

Despite the tumult, AMOS International has managed to stay afloat and has recorded remarkable achievements within a short ...more

OCEAN Network Express, the new joint venture of Japan's Big Three shipping lines, is said to be taking up some 50,000 sq ft of office space at Marina One.

The joint-venture company is a consolidation of the container shipping businesses of Kawasaki Kisen Kaisha (K Line), Mitsui OSK Lines (MOL) and Nippon Yusen Kabushiki Kaisha (NYK Line). It includes their worldwide terminal ...more

THE trustee manager of Rickmers Maritime said that the HSH Nordbank-led syndicate has given the nod for the sale of the remaining nine vessels for some US$54 million to Navios Partners Containers Inc and Navios Partners Containers Finance Inc.

The sales of the nine vessels are expected to be completed in parts from July 12.